NYSC hunts for 75 ex-corps
The National Youth Service Corps Foundation is searching for about 75 corps members who took between N300,000 and N400,000 loans to start small businesses but refused to pay after about four years. The defaulting corps members, who have now passed out, used their certificates as collateral, which was the only condition to access the loans. Our correspondent learnt the corps members had abandoned their certificates with the foundation for almost four years. The NYSC Foundation Chief Executive Officer, Bako Ventim, confirmed this in an exclusive interview on Monday during the opening of Skills’ Acquisition and Entrepreneurship Development workshop at the NYSC Orientation Camp in Kubwa, Abuja. The foundation was in the camp to donate 10 sewing machines to the camp for SAED training. The director said, “We have been providing loans to corps members and our interest rate is one digit. There is no collateral except the NYSC certificate and two guarantors. We make the conditio...